The impact of Baby Boomers continues to be felt in the housing market, as more and more empty nesters are exploring a variety of options to address their changing lifestyle needs.
The kids are grown and gone and "me" time has returned to the agenda. At the same time, mowing the lawn, raking leaves and shoveling snow are moving further down the list of ways to spend that precious "me" time. Maintenance free living, combined with convenience and enhanced social opportunities have spurred an increase in the availability of "active adult" communities in the Capital Region.
Cluster housing, sustainable communities featuring new urbanism planning, multi-unit condominiums and single family homes in maintenance free settings have gained in popularity with the 55+ age group. The demand has driven the development of a number of large communities in the greater Capital Region, such as Park Place in Malta, Brandle Meadows in Altamont, Sheldon Hills in Halfmoon and Glass Works Village in Guilderland. Some offer the homeowner exterior site maintenance in the areas of landscaping and snow removal, some offer amenities on site such as fitness facilities and assembly areas and still others offer clubhouse style amenities such as indoor pools, tennis courts and multimedia facilities.
The housing choices for active adults are frequently driven by lifestyle. The desire to have first floor masters or single level living drives the type of structure, but other variables also factor into the decision. Does seasonal human migration occur? Are adult children/grandchildren scattered throughout the US resulting in frequent extended visits? Is accessibility to services, shopping and restaurants important? Are there particular amenities or structured activities in place? Is downsizing or simplifying one's life the goal?
Luckily, the local market has been responding the demand for smart growth and the lifestyle demands and choices have become plentiful. That helps making the decision to own "me" time all the more fun!